Bernanke: Recession More Likely Without Bailout.

I am SO confused.

According to the AP (and others) the U. S. economy has been in a recession since about Q4 of 2007. But just today they report:

“Bernanke: Recession more likely without bailout.”

Q: How can we enter a recession without a the government bailout of wall street if we’ve been in a recession for a year?

A: We haven’t been in a recession.

A quick search of this site turns up the following posts:

• Still No U.S. Recession.

• What Does a Recession Feel Like?

• U.S. Economy at Death’s Door, Knocking Loudly.

• Still no Recession for the U. S.

• U.S. in Recession – Another Great Depression Coming Soon!

Well, I guess you get the idea… I’m not one to buy into the AP’s desire for a U. S. recession. Still, all snarkyness aside, this bailout business is more than a bit unsettling…

• The "Buy American" Act and Economic Depression.
• How To Survive the Next Great Depression.
• Inflation-Beating Investments for Retirement, a poorly timed article on BankRate.
• U.S. in Recession - Another Great Depression Coming Soon!

• Hank "The Bank" Going Out With A Bang; New Multi Trillion Dollar Plan
• Just how is a Recession like that Jerk at the Gym?
• Caution: Don't Always Invest Based on Others Predictions
• The FSA to keep the Royal Bank of Scotland on a short leash.